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Politics/Government / California to try State Run Health Care - Again
« Last post by HikerGuy83 on Today at 04:42:51 am »
https://ktla.com/news/california/california-lawmakers-once-again-introduce-universal-healthcare-bill/

California lawmakers have once again introduced a universal health care bill after unsuccessful attempts in the past. 

The bill’s latest iteration, formally known as AB 2200, would establish the framework for a single-payer, state-run coverage system called CalCare to control health care costs for all Californians.

While I am not opposed to the idea, it's clear to me that CA will not do this well.

And for a state already in trouble, this can't be good.

If they control costs they will lose doctors.
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The Fed didn't flip.  They never said they would cut rates.  That was wishful thinking pushed by investors and brokers.  Do not expect any rate cut between now and election day.

You don't think they'd do it to help the Democrats for the election? It is all about timing... Too soon and the inflation that comes with it will kick in before the election. Too late and the burst of spending will be after the election... I think they'd burn down the country to keep Democrats in power.
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I will assume you are from Kentucky.  I grew up in a neighboring coal state.


I could not disagree more.  Government needs to stay the hell out instead of doing its usual failure at picking winners and losers.


I am more interested in the number of people who are harmed by ag subsidies.


How did those Solyndra subsidies turn out?  And when did Intel become so broke that they needed the government to build a plant for them?  Intel can afford their own plant.  And any plant requiring subsidies from the government isn't really viable to begin with.  Check back in five years and we'll see if that plant still has 10-14k jobs paying $135k.  I will bet you dollars to donuts that they will not.  In fact, I would be surprised if that plant is even open five years from now.

The sudden burst of chip maker subsidies is due to China threatening Taiwan. They're building fabrication facilities 24/7 in Arizona and other places to move critical high-end chip making out of Taiwan as quickly as possible.
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China / Re: 90% Of Chinese Factories To Close?
« Last post by Hoodat on Today at 04:15:18 am »
Who knew?

Evidently not Xi Jingping, as under his leadership, it looks like some 90% of Chinese factories will close due to lack of business.

So not only does government interference with businesses by picking winners and losers here in the US end in failure, that same principle ends in failure in China as well.  This should be a great economic lesson for everyone.  GET THE FEDERAL GOVERNMENT THE HELL OUT OF THE WAY!!!
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Ha ha I live in a part of the country where hundreds of thousands of acres of was strip mined for coal leaving the ground worthless even after reclaiming. can't build on the soft ground for 40 years or your house will sink into the ground. Ruined wells for good. Longwall mining under  homes -house drops 3 feet on one end-that is were they remove the coal pillars and the ground above drops down 3-5 feet.

I will assume you are from Kentucky.  I grew up in a neighboring coal state.


Again, as long as other countries are subsidizing their industries if we do not our companies will be at a huge disadvantage.

I could not disagree more.  Government needs to stay the hell out instead of doing its usual failure at picking winners and losers.


The ag subsidies do not benefit only the  wealthy. Ag subsidies keep  food prices stable (not looking at inflation)
Without ag subsidies if one year there was a bumper crop of say corn, the  next year farmers would not plant that crop because of the low price leading to a shortage the third  year. One year Milk would be $5 the next year 25 cents. Food would be a roller coaster ride.

I am more interested in the number of people who are harmed by ag subsidies.


The Intel Plant in Columbus Ohio will be 10-14k jobs when done paying on average $135k per year. Almpost all subsidized under the chips act.

How did those Solyndra subsidies turn out?  And when did Intel become so broke that they needed the government to build a plant for them?  Intel can afford their own plant.  And any plant requiring subsidies from the government isn't really viable to begin with.  Check back in five years and we'll see if that plant still has 10-14k jobs paying $135k.  I will bet you dollars to donuts that they will not.  In fact, I would be surprised if that plant is even open five years from now.
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Perhaps you are thinking of the income tax rate? (That was higher than 44% supposedly, but nobody paid that rate...too many loopholes/deductions).

A Cap Gains rate of 44% would be a record high...see:

https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-capital-gains-rates

Plus Biden's handlers are thinking about an "Unrealized Capitol Gains" tax...your house worth more than you paid for it...you own the gubberment the Cap Gains tax. I am sure the progressives would exempt "non-rich" homeowners, but you get the idea.

Oops.  Sorry, I missed that.  A capital gains tax rate of 44% would be a disaster.  Can you imagine a retiree selling their house and settling in a retirement community rental?  Just like that, 44% of that equity they worked all their life for would be confiscated.
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What a relief.  As long as it is Chile and Bolivia getting hit with the environmental impact, everything must be OK.  But I digress.  Let's assume for a moment that your way is economically superior.  Then why can't you do it without subsidies?  Why do you force working people to pay for things (at the point of a gun) that only benefit the wealthy?

Ha ha I live in a part of the country where hundreds of thousands of acres of was strip mined for coal leaving the ground worthless even after reclaiming. can't build on the soft ground for 40 years or your house will sink into the ground. Ruined wells for good. Longwall mining under  homes -house drops 3 feet on one end-that is were they remove the coal pillars and the ground above drops down 3-5 feet.

Again, as long as other countries are subsidizing their industries if we do not our companies will be at a huge disadvantage.

The ag subsidies do not benefit only the  wealthy. Ag subsidies keep  food prices stable (not looking at inflation)
Without ag subsidies if one year there was a bumper crop of say corn, the  next year farmers would not plant that crop because of the low price leading to a shortage the third  year. One year Milk would be $5 the next year 25 cents. Food would be a roller coaster ride.

The Intel Plant in Columbus Ohio will be 10-14k jobs when done paying on average $135k per year. Almpost all subsidized under the chips act.
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It won't be a record high.
Perhaps you are thinking of the income tax rate? (That was higher than 44% supposedly, but nobody paid that rate...too many loopholes/deductions).

A Cap Gains rate of 44% would be a record high...see:

https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-capital-gains-rates

Plus Biden's handlers are thinking about an "Unrealized Capitol Gains" tax...your house worth more than you paid for it...you own the gubberment the Cap Gains tax. I am sure the progressives would exempt "non-rich" homeowners, but you get the idea.
20
Don't poke the bear, Bobby.

Bobby isn't the one doing the poking here.
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